With the Make in India push of the central government, manufacturing has emerged as one of the high-growth sectors in India. The government aims to create 100 million new jobs in the sector. It is seen as a key strategic requirement with the eventual aim of greater self-reliance.
There are many industries raring to go.
India is already one of the largest steel producers in the world. With significant iron ore reserves, it is projected to grow rapidly. Consolidation in the industry is also leading to external investments flowing in.
Textiles is one of India’s oldest industries. With artisanal, crafted produce on one end of the spectrum and capital-intensive machinery-driven mills on the other, it offers an abundant variety.
Electronic hardware, mobile phones, consumer durables, and many other sectors are going through a phase of renewal and expansion with a view to the future. Manpower supplier Ushankk will play a key role in fulfilling the human resource needs of these industries.
India hopes to become a prominent two and four-wheeler exporter. A strong auto sector has created a network of mid-size companies that supply components and parts to the auto companies.
Aerospace, Mining, Chemicals, Metal Production, Cement and Construction Material industries are attracting investment and poised to grow.
And everyone is on the lookout for qualified resources. Many of them look to us to overcome their resource challenges.
Startups and family businesses jostle for space with global corporations supported by government policies aimed at providing a fillip to manufacturing in India.
Governments across the world have joined the battle and are competing to locate semiconductor manufacturing facilities in their jurisdiction. The world is also looking at reducing its reliance on China for manufactured items. India could soon emerge as a hub for semiconductor manufacturing.
The fight for manufacturing talent will get more brutal.
Insights
